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Tungsten Electrode-Global Market Insights and Sales Trends 2025
Synopsis
This report studies the Tungsten Electrode market. Tungsten electrodes are used when arc welding with the Tungsten Inert gas (TIG) process or when plasma welding. In both processes the electrode, arc and weld pool are protected from atmospheric contamination by an inert gas. A tungsten electrode is used because it can withstand very high temperatures with minimal melting or erosion. Tungsten electrodes are made by powder metallurgy and are formed to size after sintering.
The global Tungsten Electrode market size is expected to reach US$ 113.7 million by 2029, growing at a CAGR of 1.8% from 2023 to 2029. The market is mainly driven by the significant applications of Tungsten Electrode in various end use industries. The expanding demands from the TIG Welding, Plasma Welding, Cutting and Thermal Spray, are propelling Tungsten Electrode market. Pure Tungsten, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thoriated Tungsten segment is estimated at % CAGR for the next seven-year period.
China is the largest market with about 77% market share. North America is follower, accounting for about 10% market share.
The key players are Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten etc. Top 3 companies occupied about 46% market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Tungsten Electrode, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Tungsten Electrode market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Tungsten Electrode market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tungsten Electrode sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Tungsten Electrode covered in this report include Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM and ATTL Advanced Materials, etc.
The global Tungsten Electrode market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
Global Tungsten Electrode market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Tungsten Electrode market, Segment by Type:
Pure Tungsten
Thoriated Tungsten
Lanthanum Tungsten
Cerium Tungsten
Yttrium Tungsten
Others
Global Tungsten Electrode market, by Application
TIG Welding
Plasma Welding
Cutting
Thermal Spray
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Tungsten Electrode manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tungsten Electrode in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
This report studies the Tungsten Electrode market. Tungsten electrodes are used when arc welding with the Tungsten Inert gas (TIG) process or when plasma welding. In both processes the electrode, arc and weld pool are protected from atmospheric contamination by an inert gas. A tungsten electrode is used because it can withstand very high temperatures with minimal melting or erosion. Tungsten electrodes are made by powder metallurgy and are formed to size after sintering.
The global Tungsten Electrode market size is expected to reach US$ 113.7 million by 2029, growing at a CAGR of 1.8% from 2023 to 2029. The market is mainly driven by the significant applications of Tungsten Electrode in various end use industries. The expanding demands from the TIG Welding, Plasma Welding, Cutting and Thermal Spray, are propelling Tungsten Electrode market. Pure Tungsten, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thoriated Tungsten segment is estimated at % CAGR for the next seven-year period.
China is the largest market with about 77% market share. North America is follower, accounting for about 10% market share.
The key players are Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM, ATTL Advanced Materials, SUNRAIN Tungsten etc. Top 3 companies occupied about 46% market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Tungsten Electrode, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Tungsten Electrode market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Tungsten Electrode market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tungsten Electrode sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Tungsten Electrode covered in this report include Diamond Ground Products, E3, Weldstone, Winner Tungsten Product, Huntingdon Fusion Techniques, Wolfram Industrie, Metal Cutting, BGRIMM and ATTL Advanced Materials, etc.
The global Tungsten Electrode market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Diamond Ground Products
E3
Weldstone
Winner Tungsten Product
Huntingdon Fusion Techniques
Wolfram Industrie
Metal Cutting
BGRIMM
ATTL Advanced Materials
SUNRAIN Tungsten
Global Tungsten Electrode market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Tungsten Electrode market, Segment by Type:
Pure Tungsten
Thoriated Tungsten
Lanthanum Tungsten
Cerium Tungsten
Yttrium Tungsten
Others
Global Tungsten Electrode market, by Application
TIG Welding
Plasma Welding
Cutting
Thermal Spray
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Tungsten Electrode manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tungsten Electrode in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Tungsten Electrode Market Overview
1.1 Tungsten Electrode Product Overview
1.2 Tungsten Electrode Market Segment by Type
1.2.1 Pure Tungsten
1.2.2 Thoriated Tungsten
1.2.3 Lanthanum Tungsten
1.2.4 Cerium Tungsten
1.2.5 Yttrium Tungsten
1.2.6 Others
1.3 Global Tungsten Electrode Market Size by Type
1.3.1 Global Tungsten Electrode Market Size Overview by Type (2018-2029)
1.3.2 Global Tungsten Electrode Historic Market Size Review by Type (2018-2023)
1.3.3 Global Tungsten Electrode Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Tungsten Electrode Sales Breakdown by Type (2018-2023)
1.4.2 Europe Tungsten Electrode Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Tungsten Electrode Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Tungsten Electrode Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Tungsten Electrode Sales Breakdown by Type (2018-2023)
2 Global Tungsten Electrode Market Competition by Company
2.1 Global Top Players by Tungsten Electrode Sales (2018-2023)
2.2 Global Top Players by Tungsten Electrode Revenue (2018-2023)
2.3 Global Top Players by Tungsten Electrode Price (2018-2023)
2.4 Global Top Manufacturers Tungsten Electrode Manufacturing Base Distribution, Sales Area, Product Type
2.5 Tungsten Electrode Market Competitive Situation and Trends
2.5.1 Tungsten Electrode Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Tungsten Electrode Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Tungsten Electrode as of 2022)
2.7 Date of Key Manufacturers Enter into Tungsten Electrode Market
2.8 Key Manufacturers Tungsten Electrode Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Tungsten Electrode Status and Outlook by Region
3.1 Global Tungsten Electrode Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Tungsten Electrode Historic Market Size by Region
3.2.1 Global Tungsten Electrode Sales in Volume by Region (2018-2023)
3.2.2 Global Tungsten Electrode Sales in Value by Region (2018-2023)
3.2.3 Global Tungsten Electrode Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Tungsten Electrode Forecasted Market Size by Region
3.3.1 Global Tungsten Electrode Sales in Volume by Region (2024-2029)
3.3.2 Global Tungsten Electrode Sales in Value by Region (2024-2029)
3.3.3 Global Tungsten Electrode Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Tungsten Electrode by Application
4.1 Tungsten Electrode Market Segment by Application
4.1.1 TIG Welding
4.1.2 Plasma Welding
4.1.3 Cutting
4.1.4 Thermal Spray
4.1.5 Others
4.2 Global Tungsten Electrode Market Size by Application
4.2.1 Global Tungsten Electrode Market Size Overview by Application (2018-2029)
4.2.2 Global Tungsten Electrode Historic Market Size Review by Application (2018-2023)
4.2.3 Global Tungsten Electrode Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Tungsten Electrode Sales Breakdown by Application (2018-2023)
4.3.2 Europe Tungsten Electrode Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Tungsten Electrode Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Tungsten Electrode Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Tungsten Electrode Sales Breakdown by Application (2018-2023)
5 North America Tungsten Electrode by Country
5.1 North America Tungsten Electrode Historic Market Size by Country
5.1.1 North America Tungsten Electrode Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Tungsten Electrode Sales in Volume by Country (2018-2023)
5.1.3 North America Tungsten Electrode Sales in Value by Country (2018-2023)
5.2 North America Tungsten Electrode Forecasted Market Size by Country
5.2.1 North America Tungsten Electrode Sales in Volume by Country (2024-2029)
5.2.2 North America Tungsten Electrode Sales in Value by Country (2024-2029)
6 Europe Tungsten Electrode by Country
6.1 Europe Tungsten Electrode Historic Market Size by Country
6.1.1 Europe Tungsten Electrode Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Tungsten Electrode Sales in Volume by Country (2018-2023)
6.1.3 Europe Tungsten Electrode Sales in Value by Country (2018-2023)
6.2 Europe Tungsten Electrode Forecasted Market Size by Country
6.2.1 Europe Tungsten Electrode Sales in Volume by Country (2024-2029)
6.2.2 Europe Tungsten Electrode Sales in Value by Country (2024-2029)
7 Asia-Pacific Tungsten Electrode by Region
7.1 Asia-Pacific Tungsten Electrode Historic Market Size by Region
7.1.1 Asia-Pacific Tungsten Electrode Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Tungsten Electrode Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Tungsten Electrode Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Tungsten Electrode Forecasted Market Size by Region
7.2.1 Asia-Pacific Tungsten Electrode Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Tungsten Electrode Sales in Value by Region (2024-2029)
8 Latin America Tungsten Electrode by Country
8.1 Latin America Tungsten Electrode Historic Market Size by Country
8.1.1 Latin America Tungsten Electrode Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Tungsten Electrode Sales in Volume by Country (2018-2023)
8.1.3 Latin America Tungsten Electrode Sales in Value by Country (2018-2023)
8.2 Latin America Tungsten Electrode Forecasted Market Size by Country
8.2.1 Latin America Tungsten Electrode Sales in Volume by Country (2024-2029)
8.2.2 Latin America Tungsten Electrode Sales in Value by Country (2024-2029)
9 Middle East and Africa Tungsten Electrode by Country
9.1 Middle East and Africa Tungsten Electrode Historic Market Size by Country
9.1.1 Middle East and Africa Tungsten Electrode Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Tungsten Electrode Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Tungsten Electrode Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Tungsten Electrode Forecasted Market Size by Country
9.2.1 Middle East and Africa Tungsten Electrode Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Tungsten Electrode Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Diamond Ground Products
10.1.1 Diamond Ground Products Company Information
10.1.2 Diamond Ground Products Introduction and Business Overview
10.1.3 Diamond Ground Products Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Diamond Ground Products Tungsten Electrode Products Offered
10.1.5 Diamond Ground Products Recent Development
10.2 E3
10.2.1 E3 Company Information
10.2.2 E3 Introduction and Business Overview
10.2.3 E3 Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.2.4 E3 Tungsten Electrode Products Offered
10.2.5 E3 Recent Development
10.3 Weldstone
10.3.1 Weldstone Company Information
10.3.2 Weldstone Introduction and Business Overview
10.3.3 Weldstone Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Weldstone Tungsten Electrode Products Offered
10.3.5 Weldstone Recent Development
10.4 Winner Tungsten Product
10.4.1 Winner Tungsten Product Company Information
10.4.2 Winner Tungsten Product Introduction and Business Overview
10.4.3 Winner Tungsten Product Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Winner Tungsten Product Tungsten Electrode Products Offered
10.4.5 Winner Tungsten Product Recent Development
10.5 Huntingdon Fusion Techniques
10.5.1 Huntingdon Fusion Techniques Company Information
10.5.2 Huntingdon Fusion Techniques Introduction and Business Overview
10.5.3 Huntingdon Fusion Techniques Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Huntingdon Fusion Techniques Tungsten Electrode Products Offered
10.5.5 Huntingdon Fusion Techniques Recent Development
10.6 Wolfram Industrie
10.6.1 Wolfram Industrie Company Information
10.6.2 Wolfram Industrie Introduction and Business Overview
10.6.3 Wolfram Industrie Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Wolfram Industrie Tungsten Electrode Products Offered
10.6.5 Wolfram Industrie Recent Development
10.7 Metal Cutting
10.7.1 Metal Cutting Company Information
10.7.2 Metal Cutting Introduction and Business Overview
10.7.3 Metal Cutting Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Metal Cutting Tungsten Electrode Products Offered
10.7.5 Metal Cutting Recent Development
10.8 BGRIMM
10.8.1 BGRIMM Company Information
10.8.2 BGRIMM Introduction and Business Overview
10.8.3 BGRIMM Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.8.4 BGRIMM Tungsten Electrode Products Offered
10.8.5 BGRIMM Recent Development
10.9 ATTL Advanced Materials
10.9.1 ATTL Advanced Materials Company Information
10.9.2 ATTL Advanced Materials Introduction and Business Overview
10.9.3 ATTL Advanced Materials Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.9.4 ATTL Advanced Materials Tungsten Electrode Products Offered
10.9.5 ATTL Advanced Materials Recent Development
10.10 SUNRAIN Tungsten
10.10.1 SUNRAIN Tungsten Company Information
10.10.2 SUNRAIN Tungsten Introduction and Business Overview
10.10.3 SUNRAIN Tungsten Tungsten Electrode Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SUNRAIN Tungsten Tungsten Electrode Products Offered
10.10.5 SUNRAIN Tungsten Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Tungsten Electrode Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Tungsten Electrode Industrial Chain Analysis
11.4 Tungsten Electrode Market Dynamics
11.4.1 Tungsten Electrode Industry Trends
11.4.2 Tungsten Electrode Market Drivers
11.4.3 Tungsten Electrode Market Challenges
11.4.4 Tungsten Electrode Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Tungsten Electrode Distributors
12.3 Tungsten Electrode Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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